Six Basic Personal Finances Facts People Constantly Get Wrong

According to a recent article on LifeHacker, it seems that there are a lot of financial “facts” out there that actually aren’t facts at all. No wonder there’s so much confusion regarding personal finance!

Below are six facts that people often get wrong:

  1. A Higher Tax Bracket Does Not Mean All of Your Income is Taxed More
  2. When you Sell an Investment, You Only Owe Taxes on the Gains, Not on Everything
  3. Putting Money in your 401(k) Doesn’t Mean Tax-Free Income, It Just Means you Pay the Taxes Later On
  4. Renting Isn’t Just Throwing Money Away and Buying a House Won’t Make you Rich due to “Equity”
  5. Having a Big Tax Refund Costs you Money
  6. If you’re Unhappy, Having that Thing You Want Most Won’t Make you Happy

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Karen Keefe

A savvy Realtor who listens to her clients. Creating positive results are the driving forces that underscore Karen's nearly decade of real estate experience. A resident of Bainbridge Island and Kitsap County for 38 years where she raised her 3 children. . So no matter what property type or price point, she has always been dedicated to offering extraordinary service. Karen is a second generation real estate professional and has been a licensed residential broker since 2006 with roots deeply embedded in Bainbridge Island and North Kitsap for over 32 years.

Karen is dedicated to partnering with her clients, listening to their unique needs and assisting them in navigating a dynamic marketplace with the goal of a smooth and successful transaction. Selling a home is more than sticking a sign in the ground and waiting for the phone to ring. Karen brings a team of professionals with a proven track record; from an award-winning marketing team and professional photography to a gardener and home stager. She has the proven history of making sure the job is done right the first time